Valencia, Spain (Ports Europe) February 1, 2024 – The Port Authority of Valencia (APV) handled 76.74 million tons of cargo in 2023, a decrease of -2.81%. The decline is below the average for Spanish ports which is -3.3%.
The decline is due to reduced international trade caused by the Russian invasion of Ukraine in 2022, the Isreal-Hamas war in Gaza and uncertainty around the Red Sea crisis. Other ports around the Mediterranean reports similar trends.
In Q4 2023, growth was seen in all three months. They were 8.6% in December, 19.31% in November and 6.99% in October (compared to the same months of 2022).
Containers
A change in trend has been detected in container traffic (TEU). This began in October 2023 and continues to this day. It is driven by transit traffic (derived from the conflict crisis in the Red Sea). Thus, in December there was a growth in the number of containers of 13.13% (compared to the same month in 2022). In November it was 18.72% and in October it was 4.36%.
Automotive
Vehicle traffic under merchandise regime amounts to 643,000 vehicles, +6.6% more than the previous year. And in terms of passengers, the increase was +13.4%, with 1.56 million passengers, of which 781,000 are cruise passengers (+25.4% increase).
All figures from Autoridad Portuaria de València (APV – Valenciaport, Port Authority of Valencia).
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